GFM Network News


Saskatchewan gets new ag critic, returning ag minister

David Marit, Trent Wotherspoon to handle farm file

Reading Time: 2 minutes Saskatchewan’s New Democrats will have a new critic to debate the incumbent minister over the agriculture file. Provincial opposition leader Ryan Meili on Tuesday announced Trent Wotherspoon, the MLA for Regina Rosemont since 2007, as the NDP’s critic for agriculture as well as finance, SaskTel, Saskatchewan Crop Insurance Corp. (SCIC) and the province’s Crown Investments […] Read more

U.S. House ag leader loses election, unsettling Midwest farm sector

Reading Time: 2 minutes Chicago | Reuters — Democratic U.S. Rep. Collin Peterson, chair for the House of Representatives’ agriculture committee, failed to win re-election in Minnesota on Tuesday, a loss some agriculture leaders said could hurt the U.S. Midwest grain belt. Though Democrats retained control of the House and therefore will again chair the committee, Peterson’s exit could […] Read more


U.S. grains: Soybeans reach four-year high on global supply concerns

Corn, wheat rise to one-week highs

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures reached four-year highs on Thursday as continued dryness in South America’s crop areas raised supply concerns at a time of brisk Chinese demand. Corn and wheat hit their highest in more than one week on strong demand and supply concerns. The most-active soybean contract on the Chicago Board […] Read more

ICE weekly outlook: Canola stronger at midweek

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind canola’s rally. However, temperatures are […] Read more


CBOT weekly outlook: Eyes on U.S. election, next supply and demand report

Reading Time: 2 minutes MarketsFarm — With no final results yet Wednesday in the U.S. presidential election, there has been very little, if any, effect on the Chicago Board of Trade (CBOT), according to Allendale Inc. president Steve Georgy. “For the grain markets there hasn’t been a higher impact yet, but it is rather quiet,” he said from McHenry, […] Read more

U.S. livestock: Cattle futures trim back on election uncertainty

Pork fundamentals still bearish on hogs

Reading Time: < 1 minute Chicago | Reuters — U.S. live and feeder cattle futures fell on Tuesday in a round of profit-taking ahead of an uncertain U.S. presidential election, analysts said. Chicago Mercantile Exchange December live cattle futures settled 0.725 cent lower at 107.825 cents/lb., after rising in each the last five sessions (all figures US$). CME feeder cattle […] Read more


U.S. grains: Soybean futures climb on export optimism

'No matter who's president, China still needs to feed their hog herd'

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed on Tuesday on export optimism and a slower-than-expected U.S. harvest pace, traders said. Wheat firmed as traders monitored dryness in U.S. and Russian growing belts, while corn traded higher on continued hopes of China buying. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled […] Read more

ICE weekly outlook: Canola’s top likely in for 2020

Reading Time: < 1 minute MarketsFarm — The shine has officially come off the ICE Futures canola market, with prices dropping well below their multi-year highs during the last week of October. The most active January contract hit an overnight low of $514 per tonne on Wednesday, but managed to settle at $535.60. That compares with the contract high of […] Read more


Saskatchewan agriculture minister cruises to election win

NDP's ag critic trailing, with mail-in votes still to come

Reading Time: 2 minutes Another incumbent agriculture minister easily held his seat as Saskatchewan’s governing Saskatchewan Party scored another decisive majority in Monday’s provincial election. David Marit, MLA for the southwestern riding of Wood River since 2016, held his seat by a spread of 5,177 votes over the New Democrats’ challenger, teacher Roger Morgan, with 459 mail-in ballots remaining […] Read more

B.C. ag minister, critic expected to win re-election

NDP projected to form majority government

Reading Time: 2 minutes British Columbia’s incumbent agriculture minister and opposition ag critic both appear set to head back to the provincial legislature as the New Democrats are projected to end three years of tentative minority governing. John Horgan’s NDP, which in 2017 overturned a minority Liberal government with the help of the Green Party, was projected Saturday evening […] Read more